Ahlibank earns half yearly net profit of QR359.3mn

Sheikh Faisal bin AbdulAziz bin Jassem al-Thani
Sheikh Faisal: Overall growth

Ahlibank has earned a net profit of QR359.3mn for the first six months of this year, which represents an increase of 1.7% or QR6mn over the same period in 2018. Commenting on the results, Ahlibank chairman and managing director Sheikh Faisal bin AbdulAziz bin Jassem al-Thani said, “We are pleased with our performance in the first half, particularly the momentum we saw in the overall business growth and deposit growth in particular. The bank is well capitalised and has a strong liquidity position.

These results highlight the bank’s ability to deliver long-term sustainable results for our shareholders. The bank continues to enjoy favourable ratings from the top international credit rating agencies.” “I would like to thank everyone who has contributed to these good results. I also extend my thanks to Qatar Central Bank for their leadership, guidance and continuous support,” Sheikh Faisal added.

Sources and photo-credits: Gulf Times